It is important to note that this is not a definitive economics text, rather a primer on the principles of free markets. It is clearly written and easy to read. Hazlitt points out many fallacies in "common knowledge" and public policy regarding economics. Even though it was written in the 1940's and updated in the 1970's, it is still completely relevant today. In fact, it may cause the reader to feel some despair over the current trends in public policy. In particular, I found the chapters on inflation to be very informative and interesting. Highly recommended, especially for a clear understanding of basic economic principles. ( )

A brief, easy-reading exposition of what the author believes to be the major fallacies of government economic thought during the period 1946-1978. The author is of the Austrian school, so he mostly inveighs against government intervention in the economy. The writing is usually easy to understand, if sneering and snobbish in tone. ( )

This book should mandatory for every North American student before they graduate high school and vote. Economics does not need to to remain in the hands of elitist politicians and academics. Hazlitt cuts through the fallacies, gets to the core issues,and explains where we're going wrong, and why we need to change. ( )

A million copy seller, Henry Hazlitt’s Economics in One Lesson is a classic economic primer. But it is also much more, having become a fundamental influence on modern “libertarian” economics of the type espoused by Ron Paul and others.

Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy.

Many current economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson, every bit as relevant and valuable today as it has been since publication.